Bybit Adds 24/7 FX Perpetuals for EUR/USD, GBP/USD

Bybit has launched USDT-settled perpetual contracts tracking major currency pairs, including EUR/USD, GBP/USD and USD/JPY. The contracts trade 24/7 and offer leverage of up to 100 times, giving users continuous access to foreign exchange exposure through a crypto derivatives venue.

The product broadens Bybit’s derivatives offering beyond digital assets and into the world’s most liquid fiat pairs. For active traders, the structure may appeal because it combines familiar macro instruments with crypto-market settlement, on-chain funding rails and the round-the-clock trading model that has become standard in digital assets.

The launch also reflects a wider trend among crypto exchanges seeking to capture demand from traders who want synthetic access to traditional markets without relying on legacy brokerage hours. By settling in USDT, Bybit keeps the product aligned with its existing derivatives infrastructure while preserving the dollar-linked collateral model common across the sector.

High leverage remains the defining risk. A 100x maximum magnifies both gains and losses, which can intensify liquidation risk during periods of sharp moves in the underlying FX pairs or in crypto market conditions that affect exchange liquidity and funding rates.

For market participants, the key question is whether this product attracts incremental volume from macro traders or simply redistributes activity already present in crypto derivatives. If adoption is strong, it could reinforce the case for crypto exchanges as broader venues for leveraged global-market speculation.